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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities:    
Consolidated net earnings $ 521,164 $ 373,765
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Straight-lined rents and amortization of above and below market leases (23,738) (27,912)
Equity-based compensation awards 31,808 31,758
Depreciation and amortization 345,970 284,009
Earnings from unconsolidated entities, net (88,730) (56,666)
Operating distributions from unconsolidated entities 106,732 96,401
Decrease in operating receivables from unconsolidated entities 60,739 49,488
Amortization of debt discounts and debt issuance costs, net 1,175 4,162
Gains on dispositions of development properties and land, net (162,750) (42,441)
Gains on other dispositions of investments in real estate, net (31,491) (145,767)
Unrealized foreign currency and derivative gains, net (109,726) (7,158)
Losses on early extinguishment of debt, net 42,767 2,116
Deferred income tax expense 2,993 793
Decrease (increase) in accounts receivable, lease right-of-use assets and other assets 105,648 (13,470)
Decrease in accounts payable and accrued expenses, lease liabilities and other liabilities (123,468) (54,164)
Net cash provided by operating activities 679,093 494,914
Investing activities:    
Real estate development (443,044) (368,596)
Real estate acquisitions (439,059) (274,528)
Tenant improvements and lease commissions on previously leased space (39,396) (40,338)
Property improvements (13,639) (13,612)
Proceeds from dispositions and contributions of real estate properties 723,887 595,496
Investments in and advances to unconsolidated entities (251,673) (75,559)
Return of investment from unconsolidated entities 139,900 355,539
Proceeds from repayment of notes receivable backed by real estate 4,312 0
Proceeds from the settlement of net investment hedges 2,352 9,761
Payments on the settlement of net investment hedges (5,599) (28,524)
Net cash provided by (used in) investing activities (2,009,173) 159,639
Financing activities:    
Proceeds from issuance of common stock/units 850 2,482
Repurchase and retirement of common stock (34,829) 0
Dividends/distributions paid on common and preferred stock/units (430,766) (336,094)
Noncontrolling interests contributions 916,974 6,538
Noncontrolling interests distributions (132,025) (47,643)
Settlement of noncontrolling interests (16,811) (40,223)
Tax paid for shares withheld (22,736) (21,094)
Debt and equity issuance costs paid (31,118) (14,692)
Net payments on credit facilities (125,166) (24,565)
Repurchase of and payments on debt (4,065,075) (1,418,438)
Proceeds from the issuance of debt 4,991,113 1,145,095
Net cash provided by (used in) financing activities 1,050,411 (748,634)
Effect of foreign currency exchange rate changes on cash (1,315) 1,255
Net decrease in cash and cash equivalents (280,984) (92,826)
Cash and cash equivalents, beginning of period 1,088,855 343,856
Cash and cash equivalents, end of period 807,871 251,030
Prologis, L.P. [Member]    
Operating activities:    
Consolidated net earnings 521,164 373,765
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Straight-lined rents and amortization of above and below market leases (23,738) (27,912)
Equity-based compensation awards 31,808 31,758
Depreciation and amortization 345,970 284,009
Earnings from unconsolidated entities, net (88,730) (56,666)
Operating distributions from unconsolidated entities 106,732 96,401
Decrease in operating receivables from unconsolidated entities 60,739 49,488
Amortization of debt discounts and debt issuance costs, net 1,175 4,162
Gains on dispositions of development properties and land, net (162,750) (42,441)
Gains on other dispositions of investments in real estate, net (31,491) (145,767)
Unrealized foreign currency and derivative gains, net (109,726) (7,158)
Losses on early extinguishment of debt, net 42,767 2,116
Deferred income tax expense 2,993 793
Decrease (increase) in accounts receivable, lease right-of-use assets and other assets 105,648 (13,470)
Decrease in accounts payable and accrued expenses, lease liabilities and other liabilities (123,468) (54,164)
Net cash provided by operating activities 679,093 494,914
Investing activities:    
Real estate development (443,044) (368,596)
Real estate acquisitions (439,059) (274,528)
Tenant improvements and lease commissions on previously leased space (39,396) (40,338)
Property improvements (13,639) (13,612)
Proceeds from dispositions and contributions of real estate properties 723,887 595,496
Investments in and advances to unconsolidated entities (251,673) (75,559)
Return of investment from unconsolidated entities 139,900 355,539
Proceeds from repayment of notes receivable backed by real estate 4,312 0
Proceeds from the settlement of net investment hedges 2,352 9,761
Payments on the settlement of net investment hedges (5,599) (28,524)
Net cash provided by (used in) investing activities (2,009,173) 159,639
Financing activities:    
Proceeds from issuance of common stock/units 850 2,482
Repurchase and retirement of common stock (34,829) 0
Dividends/distributions paid on common and preferred stock/units (445,554) (349,231)
Noncontrolling interests contributions 916,974 6,538
Noncontrolling interests distributions (117,237) (34,506)
Settlement of noncontrolling interests 0 (21,093)
Redemption of common limited partnership units (16,811) (19,130)
Tax paid for shares of the Parent withheld (22,736) (21,094)
Debt and equity issuance costs paid (31,118) (14,692)
Net payments on credit facilities (125,166) (24,565)
Repurchase of and payments on debt (4,065,075) (1,418,438)
Proceeds from the issuance of debt 4,991,113 1,145,095
Net cash provided by (used in) financing activities 1,050,411 (748,634)
Effect of foreign currency exchange rate changes on cash (1,315) 1,255
Net decrease in cash and cash equivalents (280,984) (92,826)
Cash and cash equivalents, beginning of period 1,088,855 343,856
Cash and cash equivalents, end of period 807,871 251,030
Liberty Transaction [Member]    
Investing activities:    
Transaction, net of cash acquired (22,659) 0
Liberty Transaction [Member] | Prologis, L.P. [Member]    
Investing activities:    
Transaction, net of cash acquired (22,659) 0
IPT Transaction [Member]    
Investing activities:    
Transaction, net of cash acquired (1,664,555) 0
IPT Transaction [Member] | Prologis, L.P. [Member]    
Investing activities:    
Transaction, net of cash acquired $ (1,664,555) $ 0